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The U.S.’s Hopes In Iraq Have Ended With The Oil-For-Gas Deal With Iran
Oil price ^ | Jul 31, 2023 | Simon Watkins -

Posted on 07/31/2023 11:10:18 AM PDT by george76

The U.S. has for years been giving Iraq tens of billions of dollars to help with its finances on the specific condition that the country reduces its imports of gas and electricity from Iran eventually to zero.

Iran has wielded enormous power over Iraq for a very long time indeed through its various political, economic, and military proxies.

Iraq will pay with its own oil supplies for the gas and electricity that it has long been importing from Iran.

Ever since the U.S. officially ended its ‘combat mission’ in Iraq on 31 December 2021, it has been looking for a way back into the huge but still relatively untapped oil and gas regions of the country

...

Iraq knows this perfectly well and has sought since then to exploit this need for money from the U.S. whilst having no intention of allowing it to return in any meaningful way. Many analysts trace this reluctance back to the U.S.’s invasion of Iraq in 2003 or to its continued military presence there until 2011, but although neither of these factors helped the U.S.’s ambitions in Iraq,

...

U.S. is going through the five phases of grief associated with the death of its idea for Iraq : denial, anger, bargaining, depression, and acceptance.

...

U.S. State Department .. at the ‘denial stage’. When it reaches ‘acceptance’, it may well be that it follows the usual format of these dances and grants another waiver to Iraq to keep importing gas and electricity from Iran, including being allowed to pay for it through regular means, and gives it a few more billion dollars. At that point, it might also be expected that Iraq will drop the idea of the oil-for-gas deal with Iran – at least until that waiver runs out too.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Front Page News; Government; Iran; Iraq; News/Current Events; Politics/Elections
KEYWORDS: anwr; bidenflation; diesel; energy; gas; iran; iraq; keystonexl; oil; oilforgas; opec; opecplus; russia; saudiarabia; trade

1 posted on 07/31/2023 11:10:18 AM PDT by george76
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To: george76

As if the Biden Administration cares.


2 posted on 07/31/2023 11:11:54 AM PDT by Parley Baer (WI)
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To: Parley Baer

As if the Biden Administration cares.“

Exactly. It is amazing how clueless the so called news outlets are, they actually seem to be believe the rats operate with our country’s best interests at heart when it doesn’t even make the list


3 posted on 07/31/2023 11:18:13 AM PDT by gibsonguy
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To: george76
Let’s not forget who originally upset the applecart in Iraq.


4 posted on 07/31/2023 11:20:19 AM PDT by Leaning Right (The steal is real.)
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To: Leaning Right

The more time passes, the worse this jackass looks. He was an idiot of the uniparty.


5 posted on 07/31/2023 11:24:34 AM PDT by Fungi
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To: george76

Someone on another thread once used Iraq as an example of a war the US won.


6 posted on 07/31/2023 11:25:03 AM PDT by silverleaf (It's not propaganda just because you disagree with it. )
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To: Fungi
a hell of an athlete though ...


7 posted on 07/31/2023 11:32:25 AM PDT by bankwalker (Repeal the 19th ...)
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To: george76

All those years.
All those billions.
All those lives.
All for nothing.


8 posted on 07/31/2023 11:48:24 AM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: silverleaf

“Someone on another thread once used Iraq as an example of a war the US won.”


So we now know David French’s alt on FR.


9 posted on 07/31/2023 12:26:13 PM PDT by Reverend Wright ( Everything touched by progressives, dies !)
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To: george76

Another Biden foreign policy accomplishment.


10 posted on 07/31/2023 1:19:18 PM PDT by Republican Wildcat
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To: george76

Book-pimping article that ignores that American energy independence under Trump II would crater oil futures (and shut off their grift) and the Iraqis will be less concerned with Iran than food. Perhaps Iran will farm Iraqis for food.


11 posted on 07/31/2023 2:15:51 PM PDT by StAnDeliver (Tanned, rested, and ready.)
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To: Seruzawa

NeoCons told him he must invade Iraq.

Same NeoCons are involved with the Ukraine project (also failing).

NeoCons are a pestilence who are putting US in the graveyard.


12 posted on 07/31/2023 2:20:26 PM PDT by Trumpisourlastchance
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To: StAnDeliver

Iran and Turkey have the upper hand with Iraq. That’s where Iraq gets it’s water. I wouldn’t be surprised if the neocons never once thought about that and the hammer those two countries have over Iraq.


13 posted on 07/31/2023 3:05:31 PM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: Parley Baer

They don’t. Most of DC doesn’t.

One person that did was Pres Donald Trump. I worked on a project in Iraq during his tenure. The Iraqi’s were supposed to fund it with a portion of their oil sales. They would tell the US that they didn’t make any money so DOD would fund it, using US taxpayer money. Iraqi’s got everything they wanted and more, we paid for it. Pres Trump questioned this arrangement.

Suffice it to say, the project is still going on, but on a smaller scale. Nothing but another shining example of money laundering, courtesy of the US taxpayer.

And that is just one of many projects like that.


14 posted on 08/01/2023 10:32:23 AM PDT by qaz123
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To: Fungi

You couldn’t be more right. In the beginning, many, me included, thought he was a legit guy that actually gave a damn. Nothing but a UNIPARTY, Globalist stooge, just like his dad.


15 posted on 08/01/2023 10:40:25 AM PDT by qaz123
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